Using regression to estimate trend

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Reference no: EM131602559

Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $ 2,470,000 $ 3,790,000 $ 4,390,000 $ 5,040,000 $ 5,680,000. What would be the forecast for next year’s sales using regression to estimate a trend?

Reference no: EM131602559

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